About us

DAO FAMILY OFFICE

managing investments and business development, where Misiunas family is the principal investor;

liaising with co-investors;

providing legal, HR, analytical, financial and project management support to its investments.

DAO AM

is the holding company of the Partners of DAO FAMILY;

always investing along with other co-investors.

REAL ESTATE

Bod

Hi-Tech Industrial Building
25'000

Cash Flow
EUR 25M

Nordika

Shopping Center
35'000

Cash Flow
EUR 55M

Elija

Seaside Apartments
15000

Development
EUR 17M

Golden Dunes

Seaside Apartments
8000

Development
EUR 37M

PRIVATE EQUITY

Granorama

Vertically integrated premium grade wood pellet business

Development
EUR 50M

Dehidra

Vertically integrated freeze-dried food processing business

Development
EUR 75M

Value Creation

Long Term View

investment horizon of our business developments is long, based on trends lasting decades and unlimited by short term thinking.

Investment Focus

we carefully select asset classes and industries in order to increase the power of our attention and industry knowledge.

Risk Management

we believe in risk reduction and diversification through vertical integration within the industries that we understand.

Deep Understanding

we seek to be experts in the global industries we operate in. We are constantly learning, analyzing and training.

Execution

we execute a thoroughly thought out plan with confidence delivering the results on time.

Systems and processes

we apply systematic approach to all processes within the organization ensuring sustainable top quality execution.

Entrepreneurship

we promote entrepreneurial culture, energy and creativity within all segments of our organisation.

Accountability

we feel fully accountable to our co-investors, therefore we communicate regularly and transparently.

Satisfying the end-user

we aim to deliver the best product in the market, truly answering the needs of the end-user.

People

The Partners of DAO FAMILY are active managers and investors, deeply involved in defining the investment strategy, selecting the assets, attracting people, setting the standards of execution and maintaining the balance of the whole system of DAO FAMILY.

Vykintas Misiunas

Partner

Functions:

Strategy & Group Finance

Co-Investor Relations

Asset Management

20 years of professional experience.
Previously:

Treasury Director at SEB bank (Lithuania)

Fund Manager at Lords LB Asset Management

Evaldas Cepulis

Partner

Functions:

Business Modeling

Transaction Management

Investment Finance

20 years of professional experience.
Previously:

Director at SEB Venture Capital (Lithuania)

Deputy Treasury Director at SEB bank (Lithuania)

Arturas Razgunas

Partner

Functions:

Legal Support

Transaction Psychology

Relationship Management

15 years of professional experience.
Previously:

Lawyer at Law firm Zabiela, Zabielaite & Partners

Private entrepreneur

The organizational structure of over 30 professionals is flat, informal, dedicated and loyal. The team members appreciate and live the core values of DAO FAMILY. Their involvement, competence, energy and fairness is successfully shared across all investments of DAO FAMILY.

Capital

DAO FAMILY is the active shareholder inviting other financial
co-investors to utilize selected investment opportunities. Misiunas family is the principal family investing into all assets selected by DAO FAMILY. Over the last years, other Western and Eastern European families have also successfully co-invested together with DAO FAMILY.

Due to a positive investment relationship in the past, many of these families co-invested in absolutely all proposed investment opportunities. For future investments, DAO FAMILY expects to increase the network of co-investors having similar values, sharing long term investment approach and staying together in all weather.

Prior to the investment, DAO FAMILY provides orderly and detailed information package as well as the data room for the co-investors, followed by transparent and timely reporting after the investment. Sharing the experience and networking among the co-investors is welcomed and highly appreciated.

Partners of DAO FAMILY do not receive salaries or management fees from the assets – the only form of financial motivation is equity or profit sharing.

Depending on the investment stage, DAO FAMILY targets 10-30% return on equity.

Location / Tenant / Rent price - cash flow real estate must meet two out of these three criteria: be in an excellent location, have strong tenants or have rent price below the market average.

Competent team - asset size has to be large enough in order to attract top quality team to manage it.

Opportunities - Private Equity

Granorama

Asset: Production business

Product: Premium wood pellets

Type: Development

Investment size: EUR 50M

Planned sales: EUR 36M

Planned EBITDA: EUR 11M (30%)

Revenue source: Europe

Growth potential: Unlimited by replication

In partnership with Audrius Grušnis

Dehidra

Asset: Production business

Product: Freeze-dried food

Type: Development

Investment size: EUR 75M

Planned sales: EUR 32M

Planned EBITDA: EUR 15M (33%)

Revenue source: Global

Growth potential: Unlimited by replication

In partnership with Audrius Grušnis

Investment criteria

Counter-cyclical business - acquired or developed business must be resistant to the economic cycles.

Large market - the market of the end users has to be global or at least European.

Growing market - there has to be a possibility to utilise the increasing space of the growing market versus fighting in a stagnant market.

Fragmented market - raw materials and sales markets, as well as the competition, must be unconsolidated by large players.

Competent team - asset size has to be large enough in order to attract top quality team to manage it.

Competetive advantage - after identifying the problems of a certain industry, there has to be an opportunity to develop unique solutions which would provide strong advantage against competitors.

The Principal Family - Background

1st Generation

Tautvydas Misiunas

Tautvydas Misiunas (father) completed his studies of Automatics at Kaunas Polytechnic Institute and started his professional career at ACHEMA, one of the largest nitrogen fertilizer factories in Europe, as electronics engineer in 1973. Since 1988, he was setting up the international trading business of the company.

In 1994, ACHEMA was privatized and Tautvydas Misiunas became one of the shareholders deeply involved in the rapid development of the factory and all ACHEMA GROUP. Tautvydas Misiunas retired in 2016, at the age of 66, having served the company for 43 years.

During his career, Tautvydas Misiunas served as the Member of the Board of ACHEMA as well as numerous daughter companies all around Europe, including LITEXIMP in Poland, AGROBALTIC in Germany, LITFERT in France, FERTIGENT in Belgium. For years, Tautvydas Misiunas represented ACHEMA in the European Fertilizer Manufacturers Association in Brussels, where he was the Chairman of Trade and Economics Committee and Member of the Board. Tautvydas Misiunas also represented Lithuania in ECOSOC (Consultative Committee to EU Social and Economics Commission).

2nd Generation

Vykintas Misiunas

Vykintas Misiunas (son) completed his studies of International Business at the Greenwich University (London, UK) and International Securities, Investment and Banking at Reading University (Reading, UK) in 1998. Later on he also completed EMBA studies at the Baltic Management Institute (Vilnius, Lithuania).

Vykintas Misiunas started his professional career at SEB bank, the largest bank in Lithuania, where he was heading the Treasury and Capital Markets Department until 2007. During this time, Vykintas Misiunas was serving as a Member of the Board at SEB Venture Capital and SEB Life Insurance and was a Member of SEB Asset & Liabilities Management Committee.

From 2007 till 2009, Vykintas Misiunas took the role of active Member of the Board at KRS Group, where he was involved in the restructuring of a producer of chemical products HIGEJA as well as running other businesses of the group in construction, real estate and IT. In 2009, he was invited to become the Fund Manager of the first 4 regulated real estate funds in Lithuania at Lords LB Asset Management. In 2012, Vykintas Misiunas together with 3 other partners established DAO FAMILY.